Ill read the article for you.
the unemployment rate rose 2 percentage points
Pretty good for a slowdown
Just because stocks go down doesnt mean people arent making money.
And of course you wouldnt even bring up the other two examples iowa and south dakota and go ahead and bring up articles on those meat plants that shut down for a couple weeks and equate that economic collapse.
Screw loves and their mandatory mask #### . Another 1 bites the dust.
Discussion in 'Truck Stops' started by maninthemoon1, Jul 23, 2020.
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bryan21384 and daf105paccar Thank this.
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There are more states that didnt lockdown or had very limited restrictions.
Iowa has 3 million people des moines has 250000
Missouri has 6 million people two 500000+ cities and i pretty sure they have limited restrictions and have done compareble to states with their size that full lockdown -
Dale thompson, drvrtech77, nredfor88 and 1 other person Thank this.
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The proportion of Swedes carrying antibodies is estimated to be under 10%, thus nowhere near herd immunity. And yet, the Swedish death rate is unnerving. Sweden has a death toll greater than the United States: 556 deaths per million inhabitants, compared with 425, as of July 20.
Sweden also has a death toll more than four and a half times greater than that of the other four Nordic countries combined — more than seven times greater per million inhabitants. For a number of weeks, Sweden has been among the top in the world when it comes to current reported deaths per capita. And despite this, the strategy in essence remains the same.daf105paccar Thanks this. -
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I say sweden.
You give article that you didnt read which says they only have 2 percent increase unemployment.
Now you bring up deaths which sweden js lower than many countries. And anyways i have already said i do not care about the deaths because it is mostly old people.
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Imagine there is a closed economy of 100 people that exists in complete equilibrium - prices, production, and population are stable year to year with no economic slack. Suddenly remove 1 person - 1% of the population, and incapacitate 3 others for two months. In order for the economy to continue to function in equilibrium, the work of those 4 people must be done by the rest. No matter what happens, there is going to be knock on effects - the local pub is going to do less business as people work longer hours, fear and uncertainty will lead to lower spending, etc - the question is how much.
Say the person who is removed was a farmer - even with the other farmers pitching in there isn't enough time to get the full crop planted/harvested, so instead of having 100 units of food, the economy only produces 95 units. That makes food cost more, which means people have less to spend on other things, so the candle maker sells more tallow candles and less beeswax candles, resulting in lower profits. The candle maker decides not to buy new clothes this year, which means the tailor sells one less suit of clothes. The tailor also won't be selling clothes to the farmer or to whomever inherieted the farmer's clothes. The tailor then decides not to buy his usual amount of cloth from the weaver, who doesn't buy all of the shepard's wool. The shepard spends the money he had been saving for a new roof on building a shed to store the wool in and doesn't buy new boots to cover the extra cost of food. That leads to the shepard getting sick, which allows a fox/wolf to feast on the spring lambs, which means there is less wool for clothes and the whole system is thrown out of equilibrium. The town can minimize the disruption by instituting price controls/subsidies/welfare, but there will be disruption.
Now double that - two people removed and 6 incapacitated. Are the knock on effects going to be greater of smaller than the above? What happens if the town blacksmith is removed?
This is vastly oversimplified, but the essence is true. During the Bubonic plague, the economic effects were felt for decades as there was such a glut in commodities like clothes while at the same time things like food/salt and master craftmen were in short supply. Just the lose of institutional knowledge can destroy a business.Sirscrapntruckalot, bryan21384, daf105paccar and 2 others Thank this. -
They dont get it.
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